TEHRAN- Iraq will send a delegation to the United States seeking an exemption from sanctions against Iran that would allow it to keep importing Iranian gas, Reuters reported quoting Iraqi Prime Minister Adel Abdul Mahdi as saying on Tuesday.

TEHRAN- Exports of textile has witnessed 28 percent increase since the beginning of the present Iranian calendar year (Mach 21, 2018) in comparison with the same time in the preceding year, IRNA quoted an official from Iranian Industry Ministry on Wednesday.

2018-12-13 09:41

By Haniyeh Sadat Jafaryieh

The budget bill for the next Iranian calendar year 1398 (starting on March 21, 2019) was presented to the parliament on December 6 while Iran’s economy, previously expected to boom, is experiencing the toughest conditions under the draconian U.S. sanctions. The upcoming year is supposedly an economic predicament for Iranians to endure and for the government to program and handle.

TEHRAN- In a way to counter the U.S. sanctions on Iran, European Union plans to finalize the special purpose vehicle (SPV) as soon as possible to facilitate export and import processes between EU members and Iran, Tarja Cronberg, the head of the European Parliament delegation for relations with Iran, stated.

TEHRAN – Considering Iraq’s geopolitical improvements in the past few years, the Iraqi government has been seeking to improve the country’s infrastructure and one of the main areas of focus has been Iraq’s electricity network and power infrastructures.

TEHRAN- The value of Iran’s minerals export during the first eight months of the current Iranian calendar year (March 21-November 21) rose seven percent compared to that of the same period of time in the past year, IRIB reported citing the data released by the Ministry of Industry, Mining and Trade.

TEHRAN - Management and Planning Organization of Iran (MPO) and the Ministry of Industry, Mining and Trade signed a memorandum of understanding (MOU) based on which the two sides will allocate 210 trillion rials (about $5 billion) to create 270,000 job opportunities across the country.

TEHRAN- Iran has made mutual monetary agreements with some countries on the way to abolish U.S. dollar in its financial transactions and the issue will be incrementally generalized to other countries in future,” the governor of the Central Bank of Iran (CBI) announced in a meeting with Iranian economists on Monday, IRNA reported.

2018-12-11 21:07

First VP Jahangiri inaugurated water desalination, power plants in Hormozgan province

TEHRAN- Iranian First Vice-President Es’haq Jahangiri inaugurated the first phase of the country’s biggest water desalination project and a 160-megawatt power plant in the southern province of Hormozgan on Tuesday, IRNA reported.

TEHRAN- The third train of sweetening refinery of phases 22, 23 and 24 of Iran’s South Pars gas field was put into operation and the phases are ready to receive sour gas, operator of the phases announced.

TEHRAN- In a meeting with the Secretary of the Committee of Expanding Economic Relations with Iraq and Syria Hassan Danaieefar, Iraqi Minister of Construction and Housing Bengin Rikani voiced his country’s tendency for cooperation of Iranian companies in renovation projects in Iraq, IRNA reported on Sunday.

TEHRAN- Mohammad Rezvanifar was appointed as the new managing director of Iran’s Social Security Investment Company (SSIC, also known by its Persian acronym Shasta), Tasnim news agency reported on Sunday.

TEHRAN - Seyed Mohammad Sadeqzadeh, head of Iran’s Renewable Energy and Energy Efficiency Organization (known as SATBA), said the Energy Ministry is going to increase the guaranteed purchase prices for renewable electricity generation during the year’s first six months when the consumption is higher.

TEHRAN- Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and president of Chamber of Commerce and Industry of the Russian Federation stressed the need for supporting the two countries’ private sectors in the sanctions era.

TEHRAN- Iran’s major aluminum producers produced 231,031 tons of aluminum during the eight-month period from March 21 to November 21, which shows 3.2 percent growth from the figure of the same period of time in the past year, according to the data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

TEHRAN- Representatives from five Caspian Sea littoral states are to attend the 4th meeting of Collaboration on Maritime Safety and Security in the Caspian Sea in Tehran on December 10-11, IRNA reported on Saturday.

TEHRAN- In his periodical meeting with directors from state-run and private Iranian banks, the governor of the Central Bank of Iran (CBI) called for the banks to have strengthening the national currency and supplying the working capital of production units while granting facilities among their top priorities, IRIB reported on Saturday.

TEHRAN- Some 1,370 industrial units that had stopped their activity have resumed their operation since the beginning of current Iranian calendar year (March 21, 2018), Iran’s Industry Minister Reza Rahmani announced.

TEHRAN- Since becoming online in early July, Iran’s domestic Forex Management Integrated System (locally known as NIMA) has earned €6.8 billion of foreign currency to be consumed for imports of goods and services into the country, IRIB reported on Saturday.

India will import crude oil from Iran using a rupee-based payment mechanism, an industry source involved in discussions told Reuters on Thursday, adding that 50 percent of those payments will be used for exporting items to Tehran.